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Johannesburg - The audited results for the year ended February 28 2014 of Raubex Group [JSE:RBX] show revenues up 12.2% to R6.33bn.
Operating profit is up 11.6% to R539.9m, while normalised operating profit is down 0.5% to R539.9m. Headline earnings per share (Heps) is up 17.9% to 187.1 cents per share.
A final dividend of 35c per share has been declared.
CEO Rudolf Fourie said the past year has been a challenging one for the construction industry, characterised by extremely competitive trading conditions, particularly in the road construction space.
"Strong performances from our materials operations and Raubex Infrastructure, which has now successfully established its presence and reputation in the marketplace, have helped mitigate the impact of a difficult local operating environment," he said.
"Good progress has been made in growing our international exposure and we are pleased to have secured significant contracts in Zambia and Namibia."
The Group has maintained a strong balance sheet and cash position during the year, according to Fourie.
"Looking ahead we will focus on acquisitions that strengthen our vertically integrated model and on growing our current order book with improved margins," he said.
Operating profit is up 11.6% to R539.9m, while normalised operating profit is down 0.5% to R539.9m. Headline earnings per share (Heps) is up 17.9% to 187.1 cents per share.
A final dividend of 35c per share has been declared.
CEO Rudolf Fourie said the past year has been a challenging one for the construction industry, characterised by extremely competitive trading conditions, particularly in the road construction space.
"Strong performances from our materials operations and Raubex Infrastructure, which has now successfully established its presence and reputation in the marketplace, have helped mitigate the impact of a difficult local operating environment," he said.
"Good progress has been made in growing our international exposure and we are pleased to have secured significant contracts in Zambia and Namibia."
The Group has maintained a strong balance sheet and cash position during the year, according to Fourie.
"Looking ahead we will focus on acquisitions that strengthen our vertically integrated model and on growing our current order book with improved margins," he said.
